National Credit Union Administration Board v. UBS Securities, LLC et al

Filing 190

ORDER concerning the collection of sample loan files. Signed by Magistrate Judge James P. O'Hara on 11/3/2014. (ah)

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
----------------------------------------X
NATIONAL CREDIT UNION ADMINISTRATION
:
BOARD, etc.,
:
Plaintiff,
:
-v:
:
MORGAN STANLEY & CO., et al.,
:
:
Defendants.
:
:
And other NCUA Actions.
:
----------------------------------------X
UNITED STATES DISTRICT COURT
DISTRICT OF KANSAS
----------------------------------------:
NATIONAL CREDIT UNION ADMINISTRATION
:
BOARD, etc.,
:
Plaintiff,
:
-v:
:
RBS SECURITIES, INC., f/k/a GREENWICH
:
CAPITAL MARKETS, INC., et al.,
:
:
Defendants.
:
:
And other NCUA Actions.
:
----------------------------------------X
UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
WESTERN DIVISION
----------------------------------------X
NATIONAL CREDIT UNION ADMINISTRATION
:
BOARD, etc.,
:
Plaintiff,
:
-v:
:
RBS SECURITIES, INC., f/k/a GREENWICH
:
CAPITAL MARKETS, INC., et al.,
:
:
Defendants.
:
:
And other NCUA Actions.
:
----------------------------------------X

13cv6705
13cv6719
13cv6721
13cv6726
13cv6727
13cv6731
13cv6736

(DLC)
(DLC)
(DLC)
(DLC)
(DLC)
(DLC)
(DLC)

USDC SDNY
DOCUMENT
ELECTRONICALLY FILED
DOC #: _________________
DATE FILED: ______________
11/3/14
/ /

11cv2340
11cv2649
12cv2591
12cv2648
13cv2418

(JWL)
(JWL)
(JWL)
(JWL)
(JWL)

11cv5887 (GW)
11cv6521 (GW)
ORDER

HON. DENISE COTE, HON. JOHN W. LUNGSTRUM, and HON. GEORGE H. WU,
District Judges; and HON. JAMES P. O’HARA, Magistrate Judge:
Pursuant to § (g) of the Loan File Reunderwriting Protocol
and a July 14, 2014 Order, the parties in these actions have
periodically submitted status reports “as to identification and
production by Defendant Groups and third-parties of Loan Files
and Guidelines for the Sampled Loans, and as to the status
of . . . stipulations.”

At the time of the August 8 status

report, three percent of sample loans had been collected for the
Novastar defendant group, and fifty percent had been collected
for the Wachovia defendant group.

Those percentages had not

changed at the time of the September 5 status report.

At the

time of the October 3 status report, fifty percent of sample
loans had been collected for the Novastar defendant group, and
seventy-four percent had been collected for the Wachovia
defendant group.

Those percentages had not changed at the time

of the October 31 status report.

Accordingly, it is hereby

2

ORDERED that by November 17, 2014 the plaintiff and
Novastar parties shall submit a status report concerning the
collection of the Novastar defendant group’s sample loan files.
IT IS FURTHER ORDERED that by November 17, 2014 the
plaintiff and Wachovia parties shall submit a status report
concerning the collection of the Wachovia defendant group’s
sample loan files.
Dated: November 3, 2014

__/s/ Denise Cote _______________
United States District Judge

Dated: November 3, 2014

__/s/ George H. Wu________________
United States District Judge

Dated: November 3, 2014

___/s/ John W. Lungstrum__________
United States District Judge

Dated: November 3, 2014

___/s/ James P. O’Hara____________
United States Magistrate Judge

3